As seen in

Get in touch

Faq

The cryptocurrency technologies that power Millennium token allow for users all around
the world to easily collaborate and buy smart homes in a faster, simpler, cheaper, and more secured way
that is not possible through the traditional methods of investing in real estate.

Traditionally, you would normally need a lot of money in order to invest in a home.
Through the use of our Millennium token on our platform, users are able to participate in the
crowdfunding of high quality smart homes that we are able to build with relatively very little
investment.

Before the homes are made available for crowdfunding, they must go through a process
where the user who designed the home must choose a legal professional who is a part of the Millennium
community to authenticate the project by defining the legal processes and permits needed for the project
to comply with local laws and their costs. Unlike regular Millennium users, legal professionals are not
anonymous and all of their information, such as their credentials and contact information, will be
available. The designer must pay a fee to the legal professional for their services.

Once those processes and costs are defined, the designer must then choose from
contractors who are also a part of the Millennium community who will do cost estimates for any
additional work associated with the project that is not a part of the cost for Millennium to build the
home. Just like with their chosen legal professional, the designer must also pay a fee to the
contractors for their estimates and the contractors information will also be publicly available.

Finally, the chosen legal professional will do another final check to make sure that the
entire project is compliant. If the project is approved, the project will appear on a list of Approved
Projects with all details and costs of the project available to the Millennium community to crowdfund.
The project designer will choose a deadline to reach their crowdfunding goal. If they are not able to
reach their goal before the deadline, then all of the crowdfunding will go back to their original
owners.

If the crowdfunding is successful, the designs of the home will be sent to be built.
Public escrow blockchain keys will be generated for the designer, the chosen legal professional, and
Millennium. That way, all three parties must be in agreement before any funds are released to ensure
that the terms of the project are being met and so that no one party will be able to transfer the
project funds without all parties being involved for transparency and security.

Our token is backed by the same blockchain technology used by popular cryptocurrencies on
the market, such as Bitcoin or Ethereum. We will also build an escrow system in our platform using
blockchain technology to generate public keys that will be given to the parties involved in Approved
Projects on our platform to ensure that all parties are in agreement first before funds are
released.

Since Millennium Network is decentralized, it means that there is no central hub that
confirms and authenticates transactions. Instead, all of the nodes on the network must confirm and agree
on every transaction made. Once all the nodes in the network are in agreement, a block of data is
created and now the whole system working off of the latest block, which means all transactions are set
in stone. For Millennium and other cryptocurrencies, it is basically a ledger that cannot be overwritten
or manipulated.

Durability: Shipping
containers are made of corten steel, making ISBU homes even more durable than regular homes, which
use wood for the frame of the home.

Cost efficient: ISBUs are
relatively cheap to manufacture and can be recycled from unused shipping containers.

Time efficient: ISBUs do not
have to be built from scratch so the construction process can be done much faster. On average, it
takes two skilled workers 8 hours to finish the construction of one ISBU module. If you have
multiple workers working on multiple ISBU modules simultaneously, you can have all the modules for a
Millennium smart home built within a few days. Additionally, the modules can be built off-site, so
any time wasted from poor weather conditions that would normally halt the on-site construction
process for homes would not be a factor for us.

Easy to transport: ISBUs were
built to be easy to transport using trucks, trains, or ships. Because of this, Millennium smart
homes are ready to be transported through the same channels once they have been constructed.

Eco-friendly: There is an
estimated 16-17 million shipping containers in the world of which only about 5-6 million are in use.
We can recycle old and unused shipping containers due to the durability and longevity of corten
steel.

Scalable: Because of how ISBUs
are designed, it is easy to build and expand on top of an already built ISBU building by just adding
more modules.

Currently our smart homes are being built by our partner SQ Tech in Hermosillo, Sonora,
Mexico. SQ Tech has over 40 years of experience building everything from manufacturing plants, mining
facilities, hospitals, resorts, universities, and commercial buildings.
Click
here to learn more about them.

Initially, our home building app will have different home models to choose from and users
can customize different finishing features such as their luminaires, cabinetry, countertops, floor
tiling, home siding, and roofing. As we expand our operations and production capacity, we will have the
Millennium Network community give their inputs and continue to develop our home building app to allow
for more flexibility and customization.